| Product Code: ETC7924732 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on imports of wind turbine shafts, with top exporters including China, Hong Kong, Metropolitan France, Canada, and Lithuania. Despite a high level of market concentration, the industry experienced a significant decline with a CAGR of -25.81% from 2020 to 2024. The growth rate plummeted by -83.17% in 2024, reflecting challenges faced by the sector. This data underscores the importance of monitoring trends and adapting strategies to navigate the volatile market conditions in the wind turbine industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Wind Turbine Shaft Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wind Turbine Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wind Turbine Shaft Market - Industry Life Cycle |
3.4 Latvia Wind Turbine Shaft Market - Porter's Five Forces |
3.5 Latvia Wind Turbine Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Wind Turbine Shaft Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Wind Turbine Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects in Latvia |
4.2.2 Growing awareness and adoption of clean energy sources in the country |
4.2.3 Favorable wind conditions in Latvia for wind energy generation |
4.3 Market Restraints |
4.3.1 High initial capital investment required for setting up wind turbine shaft installations |
4.3.2 Fluctuations in raw material prices impacting manufacturing costs |
4.3.3 Regulatory challenges and permitting processes for wind energy projects in Latvia |
5 Latvia Wind Turbine Shaft Market Trends |
6 Latvia Wind Turbine Shaft Market, By Types |
6.1 Latvia Wind Turbine Shaft Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wind Turbine Shaft Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Wind Turbine Shaft Market Revenues & Volume, By Metal Wind Turbine Shaft, 2021- 2031F |
6.1.4 Latvia Wind Turbine Shaft Market Revenues & Volume, By Synthetic Composite Wind Turbine Shaft, 2021- 2031F |
6.2 Latvia Wind Turbine Shaft Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wind Turbine Shaft Market Revenues & Volume, By Original Equipment Manufacturers (OEMs), 2021- 2031F |
6.2.3 Latvia Wind Turbine Shaft Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Latvia Wind Turbine Shaft Market Import-Export Trade Statistics |
7.1 Latvia Wind Turbine Shaft Market Export to Major Countries |
7.2 Latvia Wind Turbine Shaft Market Imports from Major Countries |
8 Latvia Wind Turbine Shaft Market Key Performance Indicators |
8.1 Average capacity factor of wind turbines in Latvia |
8.2 Number of new wind turbine installations in the country |
8.3 Average age of wind turbine shaft installations in Latvia |
9 Latvia Wind Turbine Shaft Market - Opportunity Assessment |
9.1 Latvia Wind Turbine Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Wind Turbine Shaft Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Wind Turbine Shaft Market - Competitive Landscape |
10.1 Latvia Wind Turbine Shaft Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wind Turbine Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |